Business, 10.12.2019 00:31 springcoates
Phillips equipment has 6,500 bonds outstanding that are selling at 96.5 percent of par. bonds with similar characteristics are yielding 6.7 percent, pretax. the company also has 48,000 shares of 5.5 percent preferred stock and 75,000 shares of common stock outstanding. the preferred stock sells for $64 a share. the common stock has a beta of 1.32 and sells for $41 a share. the preferred stock has a stated value of $100. the u. s. treasury bill is yielding 2.2 percent and the return on the market is 10.6 percent. the corporate tax rate is 21 percent. what is the weighted average cost of capital?
9.30 percent
8.09 percent
10.18 percent
8.64 percent
show work, you!
Answers: 2
Business, 21.06.2019 22:00
Sharon had some insider information about a corporate takeover. she unintentionally informed a friend, who immediately bought the stock in the target corporation. the takeover occurred and the friend made a substantial profit from buying and selling the stock. the friend told sharon about his stock dealings, and gave her a pearl necklace because she "made it all possible." the necklace was worth $10,000, but she already owned more jewelry than she desired.
Answers: 2
Business, 22.06.2019 13:10
The textbook defines ethics as “the principles of conduct governing an individual or a group,” and specifically as the standards one uses to decide what their conduct should be. to what extent do you believe that what happened at bp (british petrolium) is as much a breakdown in the company’s ethical systems as it is in its safety systems, and how would you defend your conclusion?
Answers: 2
Business, 22.06.2019 19:40
Sue now has $125. how much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? a. $205.83b. $216.67c. $228.07d. $240.08e. $252.08
Answers: 1
Phillips equipment has 6,500 bonds outstanding that are selling at 96.5 percent of par. bonds with s...
Mathematics, 26.09.2019 22:30
Computers and Technology, 26.09.2019 22:30
Biology, 26.09.2019 22:30
English, 26.09.2019 22:30
History, 26.09.2019 22:30
Biology, 26.09.2019 22:30
Computers and Technology, 26.09.2019 22:30
Computers and Technology, 26.09.2019 22:30
Mathematics, 26.09.2019 22:30
Mathematics, 26.09.2019 22:30
Social Studies, 26.09.2019 22:30